Global #Latin America

Méliuz (CASH3), one of Brazil’s leading fintech platforms with over 30 million users, has officially become the largest publicly traded corporate holder of Bitcoin in Latin America.

Mercado Bitcoin (MB), the leading crypto platform in Latin America, has made a significant stride in the cryptocurrency space with the launch of its MBRL stablecoin, now live on the Tron blockchain.

Off-ramping cryptocurrency to local currencies can often be a cumbersome process, but Decaf is changing that landscape. Active since 2022, Decaf has enabled users in Latin America and Africa to easily convert their $USDC into local currencies.

Chainalysis' 2024 Geography of Cryptocurrency Report has revealed that Latin America is a burgeoning cryptocurrency market, ranking fifth globally in terms of transaction value.

The cryptocurrency landscape is witnessing a period of cautious behavior, particularly with the stablecoin USDC trading just below its peg of $1. Despite this fluctuation, USDC's daily trading volume remains robust, exceeding $8 billion, and its market capitalization has stabilized around $35.5 billion.

Argentina's Vice President, Victoria Villarruel, recently met with El Salvador's President, Nayib Bukele, during his visit to Buenos Aires, where the focus was largely on Bitcoin (BTC) and its implications for both nations.